In recent years the use of cryptocurrencies has been increasing and more and more users are interested in acquiring them, however, due to misinformation many of them are unable to buy them, either due to lack of knowledge or the idea that it is a complicated process. However, buying cryptocurrencies, including Bitcoin, is a very simple process. In this article we will tell you how to buy Bitcoin and other cryptocurrencies in Valencia.
The purchase of cryptocurrencies does not have to be affected by the user’s location, since the user can buy cryptocurrencies online. However, below we will look at both online and physical purchasing processes at Bitnovo.
In case you want to buy cryptocurrencies with Bitnovo online the process is as follows:
If you still don’t know what a wallet is, don’t worry, I’ll explain it later.
This would be the online purchase process that can be done both to buy cryptocurrencies in Valencia and from anywhere, since for this we only need a device with internet access.
Advantages: You don’t need to move and in addition to buying by card, you can also buy via bank transfer.
If you are in Valencia and want to buy cryptocurrencies physically, either paying in cash or by card, Bitnovo has ensured that you can do it from almost any location. All you need is to have a Fnac, Worten or any of the more than 40,000 Bitnovo partner stores nearby.
There you can buy our cryptocurrency coupons. These are a very easy way to exchange your euros for cryptocurrencies, since you only have to buy the coupon and then redeem it on our website or app. This process is very similar to buying a Netflix or Spotify gift card.
For your better understanding, I will explain the process step by step:
A similar option is our cryptocurrency ATMs, where you can exchange your cash for coupons. Once the cashier issues the voucher, you can redeem it for cryptocurrencies on our website or app.
Advantages: You don’t need to go through registration processes and you can buy in cash.
Before you go to buy cryptocurrencies at Bitnovo it is important for you to know one of our main advantages: we are not a cryptocurrency custodian. That means that we will never store your funds, so you will be the sole and absolute owner of them. Therefore, it will be necessary for you to have your own wallet where we will send the cryptocurrencies you buy at Bitnovo.
A wallet is nothing more than a digital wallet where we are going to store or save our cryptocurrencies. Actually, it is a software that allows us to access the blockchains of each cryptocurrency respectively. However, we must know this concept well before taking the big step.
A wallet allows us to check our account balance at any time, receive currencies, send currencies, among other things. But most importantly, it allows us to be the sole owners of our cryptocurrencies.
Before creating a wallet we must take into account that we can choose between different devices and formats to store our cryptocurrencies. Most users tend to choose web wallets and mobile apps.
Once we have created our wallet-account, we will be able to access our address also known as public key. This will be your wallet “code” that will be used to receive transfers and cryptocurrency remittances. Something like the “IBAN” of our bank account.
The wallet address can be given in two different ways: